William Davidson Institute Working Paper 479
Table 6:
Impact of Changes in the Toughness of the
Minimum Wage on Hours Worked
|
Range of Toughness Measure | |||
|
Increase in Hours |
Lowest |
Median |
Highest |
|
of Work of |
(30.0) |
(55.5) |
(89.0) |
|
Covered Sector |
0.0037 |
0.00141 |
-0.0016 |
|
Self-employed |
0.0121 |
0.00343 |
-0.0080 |
Table 7: Impact of Minimum Wages on the Relative Level of
Employment in the Covered Sector (Percent Covered)
|
(1) |
(2) |
(3) | |
|
Toughness |
0.019 * |
0.0018 |
0.0018 |
|
(0.012) |
(0.0035) |
(0.0037) | |
|
(Toughness)2 |
3.40e-07 |
5.89e-06 | |
|
(0.000025) |
(0.00003) | ||
|
Lag toughness |
0.0029b | ||
|
(0.0012) | |||
|
Time Dummies |
yes |
yes |
yes |
|
Industry Dummies |
yes |
yes |
yes |
|
Constant |
4.32 a |
4.33 a |
4.25a |
|
(0.06) |
(0.12) |
(0.12) | |
|
Adjusted R2 |
019 |
0.89 |
0.90 |
*P=0.113
aSignificant at the 1% level; bsignificant at the 5% level;
csignificant at the 10% level.
16
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